Post Tagged with: "Aussie"
Hope keeps the boat afloat
There are two hopes that are underpinning markets right now. The first is that we are on a home straight on the US debt ceiling negotiations, with a new bi-partisan deal on the table. The second is that EU leaders, at their summit tomorrow, will start to pull together to ensure a credible second bail-out
EU bank tests add more stress
Markets are taking a fairly dim view of the European bank stress test results, with the Asian session seeing a more defensive stance being taken towards the single currency. The fact that the headlines put Spanish and Italian banks as coming out on top has been taken with a degree of scepticism by some, on
Run for the hills
For much of yesterday global markets were in a particularly dark mood, amidst both heightened recovery concerns and fears over Greek debt contagion. We even had officials from both the US and China warning that Europe needed to get their act together because the loss of confidence in policy-making was adversely affecting the euro and
Trichet self-assured on the course of action
The ECB is following a familiar pattern here. At the start of the credit crisis in August 2007, whilst quick to offer liquidity to the banking system, the ECB was slow to acknowledge that, economically, this was not a big issue for Europe. Indeed, after the Fed had cut rates by 3.25% between September 2007
The troubled pound
These days it is very difficult to find much that is positive to say about the pound. Yesterday’s MPC Minutes put the knife a little deeper into the British economy, with a number of MPC members expressing fears that an increase in the policy rate now “could adversely affect consumer confidence”. Furthermore, there were still
Fed Catches Up with ECB – More Dollar Gains Expected
What will happen with the dollar after QE2 ends? Will interest rates continue to be of very high importance to the Euro? Where is the Aussie headed? Answers to these questions and more in an interview with David Song of DailyFX. David Song studied macroeconomic policies under a visiting scholar at the Federal Reserve Bank
Dollar takes a breather
After a (frankly) sparkling first couple of weeks of this month, Monday witnessed some profit-taking in the greenback. Other than dollar longs taking profit, a slight improvement in risk appetite and some market participants taking a more benign view of Greek developments, it was difficult to pinpoint any other particular rationale for the price action.
Greece looks to change the game
US labour market still not improving fast enough More stunning German trade numbers Aussie recovers some lost ground Here we go again It’s sometimes a struggle to decide what to buy for birthdays but, for the EU/IMF rescue package for Greece (IMF approval granted a year ago today), another face-lift is on the cards. EU
The Aussie: down but never out
You only have to look at AUD/JPY to see the huge turn-around in the fortunes of the Aussie so far this week to see how resilient the Australian currency is proving to be. Around two thirds of the Aussie’s near 8% depreciation vs. the yen has been reversed, aided by a stabilisation of events in
The eurozone peripherals raise a stink
Aussie hit overnight with yen also softer Dollar stages a partial comeback Weber’s hawkishness fails to spark the euro Broadbent might just join the MPC hawks Guest post by FxPro It appears that the bears were out in force on Tuesday picking over the slowing-rotting carcass that is Europe’s peripheral bond market ahead of the first